Advanced Micro Devices, Inc. $AMD Shares Acquired by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors increased its AMD position by 484.8% in the second quarter, holding 30,251 shares valued at approximately $17.6 million. Institutional investors and hedge funds own 71.34% of AMD’s outstanding stock.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share, exceeding analysts’ $1.62 estimate.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $546.95 price target, but AMD’s high valuation and recent insider sales present risks.

Great Lakes Advisors LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 484.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,251 shares of the semiconductor manufacturer's stock after purchasing an additional 25,078 shares during the quarter. Great Lakes Advisors LLC's holdings in Advanced Micro Devices were worth $17,574,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Luminist Capital LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at about $46,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Advanced Micro Devices during the second quarter worth about $53,000. Joseph Group Capital Management acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $27,000. Finally, Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $27,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $473.25 on Monday. The company has a market cap of $772.57 billion, a PE ratio of 121.66 and a beta of 2.48. The business's 50 day moving average is $511.40 and its two-hundred day moving average is $376.46. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the previous year, the business earned $0.48 EPS. The business's quarterly revenue was up 50.1% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Advanced Micro Devices News Roundup

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: BMO initiated coverage of AMD with a buy recommendation, adding to bullish Wall Street sentiment toward the semiconductor sector and AMD’s AI opportunity. BMO Buy Ratings for Semiconductor Stocks
• Positive Sentiment: AMD continues to show stronger and more consistent revenue growth than Arm Holdings. Its latest quarter included record revenue of $11.54 billion, up 50.1% year over year, and earnings that exceeded analyst expectations. AMD and Arm Revenue Comparison
• Positive Sentiment: Reports that Google may collaborate with AMD on its next-generation TPU could represent a meaningful design win and broaden AMD’s relationships with hyperscalers. Coatue Management’s new position, valued at approximately $55.8 million, also signals institutional interest in the AI trade. Google Reportedly Working With AMD on a TPU
• Neutral Sentiment: AMD is increasingly viewed as Nvidia’s most credible AI-chip challenger, particularly with its Helios platform, but investors remain focused on whether it can narrow Nvidia’s ecosystem and market-share advantages. AMD and Nvidia AI Competition
• Negative Sentiment: Google’s expanding custom-chip program, including its relationship with Marvell, could increase competition for AI-inference workloads. A report that SpaceX selected Nvidia’s Vera Rubin platform reinforces concerns that AMD is still losing some high-profile AI infrastructure opportunities. SpaceX Selects Nvidia AI Infrastructure
• Negative Sentiment: CEO Lisa Su and SVP Ava Hahn sold shares totaling roughly $8.7 million. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but the sales may still weigh on sentiment after AMD’s substantial rally. AMD Insider Stock Sale
• Negative Sentiment: Valuation remains a risk: AMD trades at a very high earnings multiple, leaving the stock vulnerable to profit-taking or disappointment if AI growth slows or fails to meet aggressive expectations. AMD Valuation Analysis

Insider Activity

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,993 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total value of $1,462,649.17. Following the completion of the transaction, the senior vice president owned 26,623 shares of the company's stock, valued at $13,010,393.87. The trade was a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 15,000 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the sale, the executive vice president owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 210,763 shares of company stock valued at $99,912,107 over the last three months. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Sanford C. Bernstein restated an "outperform" rating and set a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. UBS Group reiterated an "overweight" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Barclays downgraded shares of Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research report on Friday, June 12th. Susquehanna lifted their price target on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "positive" rating in a research note on Thursday, July 30th. Finally, Mizuho increased their price objective on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $546.95.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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